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Alasdair Macleod: Will Comex face gold import tariffs?
By Alasdair Macleod
GoldMoney, Toronto
Friday, January 24, 2025
For the last two weeks before and after Trump's inauguration on 20 January, gold has recovered to almost new highs in dollars.
In European trade this morning, gold was trading at $2,774, up $73 on the week, and silver was $30.85, up 53 cents, for a gold/silver ratio of nearly 90 times.
... Dispatch continues below ...
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Comex volumes were generally healthy, with the exception of high volumes on Tuesday following Monday's closure for Inauguration Day.
Comex open interest in gold has increased sharply toward overbought levels, while silver's open interest has only just begun to reflect more buying as shown in our next two charts respectively. ...
... For the remainder of the analysis:
https://www.goldmoney.com/research/will-comex-gold-face-import-tariffs
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Silver North
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The National Investor
The Prospector
Western Alaska Minerals
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